M-tron Industries, Inc. (NYSEAMERICAN:MPTI – Get Free Report) major shareholder Mario J. Gabelli sold 700 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $31.85, for a total value of $22,295.00. Following the completion of the transaction, the insider now owns 178,300 shares in the company, valued at approximately $5,678,855. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
M-tron Industries Stock Up 1.5 %
MPTI stock opened at $34.49 on Friday. The company has a market cap of $96.57 million, a P/E ratio of 21.24, a P/E/G ratio of 0.73 and a beta of 0.77. M-tron Industries, Inc. has a 52 week low of $10.85 and a 52 week high of $45.60.
M-tron Industries (NYSEAMERICAN:MPTI – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The firm had revenue of $11.19 million during the quarter, compared to analysts’ expectations of $11.00 million. M-tron Industries had a net margin of 10.29% and a return on equity of 23.44%. As a group, analysts anticipate that M-tron Industries, Inc. will post 2.03 earnings per share for the current year.
Institutional Trading of M-tron Industries
About M-tron Industries
M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.
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